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3924 Summerville Way

Spirit Realty Capital, Inc. Sells Retail Asset At 3924 Summerville Way Chester For $10.3M
SOLDRetail

Spirit Realty Capital, Inc. Sells Retail Asset At 3924 Summerville Way Chester For $10.3M

3924 Summerville Way

$10,300,000

$85/SF

Building Size

121,048 SF

Asset Type

Retail

Closing

Sep 15, 2022

AI

The property asset involved in the transaction is a retail space located at 3924 Summerville Way in Chester. It spans a total square footage of 121,048. The transaction was concluded for a price of $10,300,000.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,300,000
  • Address: 3924 Summerville Way
  • Market: Chester
  • Seller: Spirit Realty Capital, Inc.
  • Brokers: Raphael David Jajati (Capital Property Partners)

The deal was facilitated by Raphael David Jajati representing Capital Property Partners, who acted on behalf of the buyer or seller in this transaction. The transaction reflects a significant deal within the Chester market, marking a notable activity for the involved parties.

Players

Raphael David Jajati

Capital Property Partners

Broker

$22.4M

vol

2 deals

Broker
SI
Spirit Realty Capital, Inc.Seller

Chester Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93